Nelson Review

Background

• spot pressure
• investment barriers
• contract liquidity

Recommendations

• Price responsive ressources (demand response, behind the meter batteries) must be visible and enhances the voluntary scheduled resource (VSR)
• Address excess rebidding and algo bidding,
• Revisit the price limit constants
• Always on derivative market, like an NYSE market maker
• ESEM (Electricity services entry mechanism) . Govt policies should be aligned with the ESEM
  • Energy
  • Shaping
  • Firming